wages cost
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cost of living — cost of living, adj. the average cost of food, clothing, and other necessary or usual goods and services paid by a person, family, etc., or considered as a standard by the members of a group. [1895 1900] * * * Monetary cost of maintaining a… … Universalium
Cost escalation — is defined as changes in the cost or price of specific goods or services in a given economy over a period of time. This is a similar to the concepts of inflation and deflation except that escalation is specific to an item or class of items (not… … Wikipedia
Cost Equalisation — is the idea that the cost of goods and services will over time equal out and cost equalisation will be achieved.It is typical that when a product is introduced into the market place that the price will be effected by both the quantity produced… … Wikipedia
cost inflation — ➔ inflation * * * cost inflation UK US noun [U] (also cost push inflation) ► ECONOMICS the increase in the price of products or services as a result of raw materials and wages costing more: »Competition for resources has led to massive cost… … Financial and business terms
cost of living adjustment — ➔ adjustment * * * cost of living adjustment UK US noun [C] (ABBREVIATION COLA) ► ECONOMICS, HR an increase in a person s wages, pension, etc. that is made once a year according to how much the prices of things such as food, transport, and… … Financial and business terms
cost of living clause — n: a clause in an agreement (as a collective bargaining agreement) that provides for increase of payments (as wages) made under the agreement in some proportion to the increase in the cost of living Merriam Webster’s Dictionary of Law. Merriam… … Law dictionary
cost of living — n the cost of living the amount of money you need to pay for the food, clothes etc you need to live ▪ Average wages have increased in line with the cost of living … Dictionary of contemporary English
cost-of-livingadjustment — cost of living adjustment n. Abbr. COLA An adjustment made in wages that corresponds with a change in the cost of living. * * * … Universalium
cost reduction — UK US noun [C or U] ► the process of reducing the amount of money that a company spends on wages, production, etc. in order to make it more profitable: »further/continuing/significant cost reductions … Financial and business terms
Cost of goods sold — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts … Wikipedia
Cost of living — For other uses, see The Cost of Living (disambiguation). Cost of living is the cost of maintaining a certain standard of living. Changes in the cost of living over time are often operationalized in a cost of living index. Cost of living… … Wikipedia
